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Oct 1, 2012 12:00am EDT
or tax rises and balance the budget over a longer timescale. a plan that, even at the end of this parliament, will see public spending account for 42 per cent of gdp -- higher than at any point between 1995 and 2008 when the banks collapsed. and a plan that, because it commands the confidence of the markets, has given us the room to create a business bank, provide billions of pounds of infrastructure and house building guarantees and an £80 billion funding for lending scheme -- the biggest of its kind anywhere in the world. of course so much of this is about perception. people keep telling me we should be doing what barack obama did with his fiscal stimulus. what they don't tell you is that much of what the president had to legislate for, we are already doing automatically. so let's not allow the caricature of what we are doing go unchallenged. if plan a really was as rigid and dogmatic as our critics claim, i'd be demanding a plan b, and getting danny and vince to design it. but it isn't. which is why you were right, earlier this week, to overwhelmingly reject the call f
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